Hostelworld Group (LON:HSW) Stock Crosses Below 50 Day Moving Average – Here’s Why

Shares of Hostelworld Group plc (LON:HSW) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 133.81 ($1.68) and traded as low as GBX 131 ($1.64). Hostelworld Group shares last traded at GBX 132 ($1.65), with a volume of 11,964 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HSW. Shore Capital reiterated a “buy” rating on shares of Hostelworld Group in a report on Wednesday, October 23rd. Canaccord Genuity Group reissued a “buy” rating and set a GBX 247 ($3.10) price objective on shares of Hostelworld Group in a report on Tuesday, October 15th.

Hostelworld Group Stock Up 0.8 %

The stock has a market cap of £164.99 million, a P/E ratio of 1,320.00 and a beta of 1.90. The company has a current ratio of 0.43, a quick ratio of 1.20 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average is GBX 133.81 and its 200 day moving average is GBX 142.29.

Hostelworld Group Company Profile

Hostelworld Group plc operates as an online travel agent focused on the hostel market worldwide. It offers software and data processing services that facilitate hostel, B&B, hotel, and other accommodation bookings. The company also provides business information consulting and marketing planning services; and marketing and research and development services, as well as management services.